Global unspoken currency war will force up the New Zealand dollar
If NZ wanted to depreciate its dollar, Mr Hawkesby says “we would need to lower our interest rates significantly.”
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An increase in global currency depreciation to fight slow economic growth and looming deflation are to be the plan of attack for central banks around the world.
A group of 20 of the most influential finance ministers and central bank leaders from around the world met last week in Istanbul to
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Jason Walls
Fri, 20 Feb 2015
Fri, 20 Feb 2015
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Global unspoken currency war will force up the New Zealand dollar
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